Wednesday, July 8, 2015

American Asset Advancement LLC reported today the end of a value responsibility of $250 million from EnCap Ventures, L.P.

Wednesday, Jul 08, 2015

Ameredev is an Austin-based investigation and generation organization concentrated on the securing and improvement of oil and gas properties in the Permian Bowl. The Ameredev administration group is involved previous workers of Three Waterways Working Organization, Cimarex Vitality Co., and Concho Assets, Inc. furthermore, has a joined $23 billion of M&A and $2.2 billion of E&D capital speculation experience. Parker Reese, Ameredev President and Chief said, "We are eager to be joining forces with a firm with a past filled with producing remarkable returns that shares our emphasis on capital protection, connections, and having an adjusted business and specialized viewpoint."

"Our interest in Ameredev has permitted EnCap to band together with a vivacious administration group that has a background marked by making esteem in the upstream E&P space," said Jason DeLorenzo, Overseeing Accomplice of EnCap. "We anticipate building a fruitful and enduring organization with Parker Reese and his gathering."

Since 1988, EnCap Speculations has been the main supplier of private value to the free division of the U.S. oil and gas industry. The firm has raised 19 institutional oil and gas venture stores totaling pretty nearly $27.5 billion and right now oversees capital in the interest of more than 300 U.S. furthermore, universal financial specialists. EnCap experts speak to over 250 years of involvement in the vitality account and venture business. EnCap has a demonstrated reputation, having effectively contributed with give or take 220 upstream and midstream oil & gas organizations.